The Indian Cable Company Limited is one of the forerunners of the booming Jamshedpur Economy and Business. The company became enlisted in the share market in 1920 with an initial issued capital expenditure of Rs. 27, 24,000 and an authorized investment capital of Rs. 3, 00,000.
This was done to provide venture capitalists with the opportunity to assess the net market value of the company. Since then, there was no looking back for the company that has done a commendable job in raising the issued capital to a phenomenal Rs. 2.67 crores while the authorized capital soars at Rs. 3 crores.
The production unit of the Indian Cable Company Limited started functioning from the year 1923. The company specializes in the manufacture and production of copper wires and insulated cables that have a huge demand in the electrical firms. Strands of aluminum, aluminum wires, and aluminum conductors endowed with steel cores, wires made from fused copper and cadmium, copper welded wires, fuse wires and a wide range of other wires and strands are some of the items manufactured by this company.
Over the years, the Indian Cable Company Limited has progressed to soaring heights. The company had started business operations with strength of 400 employees. Today, the company stands tall at the acme of success and glory with manpower of over 2000 employees. In fact, the company is venturing into newer territories and hopes to broaden its horizons so that it can supply electrical wires and cables to the entire nation.
Last Updated on 24/06/2013
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Indian Cable Company Limited |
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